1/23/2012

Results: Keno Americana Sale


On January 17th Keno Auctions held its Americana Week sale in New York City.  From the recent Keno press release they too, like Sotheby's were very pleased with the results of the sale.  According to the press release the sale totaled more than $3.6 million and beat the pre sale high estimate by $300,000, and set three auction sales records.  The pre sale estimate range was $1.9 million to $3.3 million.  Keno Auctions had two main sales, the Americana sale and the single owner Peter Brams Important Woodlands Indian Art Sale, with both selling over 80% of their lots, which is rather strong for most Americana sales.

It is nice to see a little strength in the decorative arts sales, as well as in Americana and brown furniture.

Keno Auctions reported on the sale

New York – The combined morning and afternoon sessions of Keno Auctions’ Important Americana, Paintings, Furniture and Decorative Arts Sale and The Peter Brams Collection of Important Woodlands Indian Art with a combined pre-sale estimate of $1.9 million/$3.3 million exceeded its high estimate by $300,000, achieving more than $3.6 million.  It became the most successful one-day sale in the young auction house’s history and set the tone for the upcoming May 15 and fall 2012 sales at Keno Auctions.  The Important Americana sale fetched remarkable prices for star lots with 80% sold by lot and totaling $2,626,000; two new world auction records were established for a 17th century joined chest and a Federal painted table, which led the sale.  The afternoon session was dedicated to the landmark auction of property from the iconic collection of Peter Brams.  The single owner sale was a tribute to the discerning eye of this celebrated inveterate collector, with 81% sold by lot totaling
$889,900 and saw a world record set for a Native American efgy ladle.

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